Pan American Metals of Miami Reports Gold Breaking Through $1700 as Dow Tumbles More Than 600 Points

1
Pan American Metals of Miami Reports Gold
Breaking Through 1700 as Dow Tumbles More Than
600 Points
(1888PressRelease) Gold skyrocketed to well over
1700, Monday, August 8 as the Dow dropped over
600 points in the wake of SP's credit
downgrade. MIAMI, FL - Analysts had forecast
that SP's credit downgrade last Friday would not
have too great an effect but Monday's trading was
brutal and the Dow lost over 600 points in the
single worst day of trading since December 2008.
Not surprisingly, gold shot up to 1722 as
investors searched desperately for new safe
havens. Targets for gold for the rest of this
year have been revised to 1850. Hold onto your
seats it's about to be a really bumpy ride! Gold
(briefly) eclipsed platinum on Monday. "These
are certainly exciting times to be in the gold
bullion market," says Bill Hionas of Pan American
Metals of Miami. "Gold is flying off the shelves
right now as panicked investors are searching for
somewhere safe to put their money." Can this
state of affairs continue? Apparently, yes.
People cannot get hold of the yellow metal fast
enough. There is little to suggest that gold's
amazing bull run is likely to end any time soon.
It seems that many people now consider gold the
best alternative to money. Tuesday, August 9 saw
a calming of the rather hysterical market
reaction seen on Monday, yet gold rose even
higher. Pan American Metals of Miami trades in
gold bullion, offering investors both
fully-funded and leveraged positions. Under the
leadership of Bill Hionas, the company's team of
seasoned brokers is available to offer advice to
both individual and institutional investors.
2
About us Pan American Metals of Miami, LLC is a
group of traders, investors and brokers who
combine many years of experience to help clients
invest in bullion. PAMM provides an individual
investment service and is based in Miami, Florida
for convenient access to both North and South
American investors. Website http//www.panameric
anmetalsofmiami.com Press Contact Debbie
Bailey Executive Administrator Pan American
Metals of Miami, LLC Email dbailey ( _at_ )
investpanam dot com Website http//www.panamerica
nmetalsofmiami.com Source http//www.1888pressre
lease.com/pan-american-metals-of-miami-reports-gol
d-breaking-through-pr-325556.html